ArgonautArgonautArgonautArgonaut
  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
    • COVID-19 Visitor Requirements
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program

Saracen Mineral Holdings (SAR) – Bringing KCGM Into The Mix

    Home Latest Research Saracen Mineral Holdings (SAR) – Bringing KCGM Into The Mix
    NextPrevious

    Saracen Mineral Holdings (SAR) – Bringing KCGM Into The Mix

    By Wendy McEvoy | Latest Research | 0 comment | 28 January, 2020 | 0

    Saracen (SAR) released December Q results with record production of 120.2koz at an all-in sustaining cost (AISC) of A$1,098/oz (up 25% on ounces and up 14% on costs). This incorporated the Kalgoorlie Consolidated Gold Mines Joint Venture (KCGM JV)  production for the month of December of 20.6koz, following the 50% acquisition from Barrick for US$750m (see research report: Supersize Me). Subsequent to Northern Star’s (NST) acquisition of Newmont’s remaining 50% in KCGM, the two like-mined, nimble mid-tier miners will now look to unlock value in the assets through operational reviews and updating JORC Resources. SAR plans to update its Resources and Reserves and FY21 group production guidance in the September Q 2020. BUY recommendation maintained.

    To access the full report please log in under the Client Area at the bottom of this page.

    Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.

    If you would like to access our research please contact us to create an account.

    No tags.

    Related Posts

    • WA Gold Advanced Explorers – March 2022 Quarter Review

      By Wendy McEvoy | 0 comment

      Argonaut has reviewed quarterly results for select WA gold advanced explorers. This groups March Q lull in spending was short-lived with previous expenditure highs eclipsed. Spend will have to slow down unless strong results areRead more

    • Northern Star Resources (NST) – KCGM Site Visit

      By Wendy McEvoy | 0 comment

      Northern Star (NST) expects less gold production in in FY23 and FY24 than we had forecast as KCGM works to re-establish access to higher grade areas in the pit. The ramp-up in gold production fromRead more

    • Mining Services – Dust Off Those Notes

      By Wendy McEvoy | 0 comment

      We release a chartpack analysing mining services’ earnings expectations and asking whether capital-intensive companies are being dealt with too harshly by the market. We believe they are. Generally, we retain a positive long-term view ofRead more

    • OreCorp (ORR) – Eyes On DFS

      By Wendy McEvoy | 0 comment

      This quarter OreCorp will present its Nyanzaga DFS. Most attention will be on capex and opex lines. We also expect to see a refined schedule that may bring forward higher value underground ounces in theRead more

    • Perseus Mining Ltd – FY22 – $320m Banked

      By Wendy McEvoy | 0 comment

      Yaoure and Sissingue covered well for Edikan in the June quarter, while Block 14 development preparations began. Cash is accumulating rapidly, and market recognition continues to lag Argonaut’s valuation of the Company. To access theRead more

    NextPrevious
    • About Us
      • Business Model
      • Regulation
      • Community
      • Jason and the Argonauts
      • Disclaimer and Disclosure
      • COVID-19 Visitor Requirements
    • Corporate Finance
    • Stockbroking & Research
      • Stockbroking
      • Research
      • Best Execution Policy
      • Administration Forms
      • Open an Account
    • Special Situations
    • News
      • Latest News
      • Morning Notes
      • Latest Research
    • Contact
      • Careers
        • Advisers
        • Graduate Program
        • Internship Program
    Argonaut

    Argonaut | The Natural Choice in Resources.
    © 2022 Argonaut.

    Corporate Finance
    Stockbroking & Research
    Contact Us

    Argonaut | Perth

    Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia

    clientservices@argonaut.com

    ABN 72 108 330 650

    Argonaut | Login

    Client Area Help
    Register for Access to Client Area
    Privacy Policy
    Financial Services Guide 
    Website Disclaimer

    Copyright 2021 | Website ⚡ by Start Digital